Landlord Insurance for Property Owners
WHAT IS LANDLORD INSURANCE?
Landlord insurance or rented dwelling insurance as it is also known, will cover the cost to repair or rebuild your rental property if it is damaged by fire, water, or another insured loss. Landlord insurance can also provide you with rental income if your tenants cannot live in your damaged rental property during repairs. Your bank or mortgage company may also require you to have landlord insurance for your rental property.
DO YOU NEED HOME INSURANCE OR LANDLORD INSURANCE?
If you own a residential rental property, it is important to purchase landlord insurance - home insurance is only if you are living in the home. Landlord insurance can provide peace of mind. You can get landlord insurance for as little as $40 per month.
4 Reasons Why Landlords Should Buy Landlord Insurance:
We recommend a landlord insurance policy offered by Square One Insurance:
We recommend a landlord insurance policy offered by Square One Insurance:
1. Building/Structure Protection
A landlord insurance policy can protect the residential building, structure, and space in the event of physical damage by a covered cause such as fire, flooding, vandalism and burglary.
2. Liability Protection
If your tenant or their guests are injured on your property, and take legal action against you, a landlord insurance policy can help. Landlord insurance may cover settlements relating to injuries and third-party property damage.
3. Replacement Cost for Contents
If a landlord's property inside the rental unit is damaged or destroyed, a landlord insurance policy can provide full coverage for your property’s contents which belong to you. These contents can be anything such as appliances, furniture, lawn mower and other property.
4. Rental Income Protection
If your rental property becomes uninhabitable due to damage or due to another covered loss, a landlord insurance policy can cover the lost income. If a fire damages the rental property, and the tenant must vacate the unit for repairs, landlord insurance can cover you for lost rental income.
We recommend a landlord insurance policy offered by Square One Insurance:
We recommend a landlord insurance policy offered by Square One Insurance:
We recommend a landlord insurance policy offered by Square One Insurance:
In less than 5 minutes can get an online landlord insurance quote from Square One Insurance - insurance for as little as $40/month!